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Tesla lost far less during COVID and has shown to be resistant to even a crazy recession. They showed demand in the worst economic climate in 10+ years. They co
by nickik 6y ago
Tesla lost far less during COVID and has shown to be resistant to even a crazy recession. They showed demand in the worst economic climate in 10+ years. They continue to show very good margin that nobody else can match with EVs, not even close.
- RivieraKid 6y agoThey were break even in Q1, thanks to $400m of tax credits thanks to tax credits. They had to drop prices in Q2. Deliveries would be down YoY if it wasn't for China.
- nickik 6y agoSo what? All producers dropped prices and offered intensive. All companies try to sell/produce cars in China. Getting extra money for doing nothing is a negative now? Automotive only margins are still good and improving making their outlook for the second half of the year very good.